Leadership Roles through Fast Track Management Program

New York Life; New York (NY); On-site; USD 60,000 - 150,000; Full time

Job summary

New York Life invites you to join its Management Program as a Financial Services Professional. You will receive expert training in product sales, client relationship building, and milestone achievement, with a clear progression into leadership through a six-month management training and a subsequent Associate Partner track.

Enter as a Financial Professional, gaining essential skills and tools to recruit and coach others, while advancing toward higher management tiers.

Qualifications

• Experience in sales or management across industries is valued.
• College degree required; MBA an advantage.
• Strong interpersonal skills and ability to lead and coach teams.

Responsibilities

• Engage in comprehensive training and product education.
• Develop client relationships and drive sales activities.
• Recruit, coach, and develop financial professionals as you advance into leadership.

Skills

Sales experience

Managerial experience

Education

College Graduate OR MBA or equivalent degree

Job description

Join Fortune 100 Company if you're passionate about positively shaping the financial futures of individuals, families, and small businesses. Are you ready to make a meaningful impact?

• Do you have sales or managerial experience in another industry?
• Have you previously run your own business?
• College Graduate OR MBA or other equivalent degree?

In our Management Program, kickstart your journey as a Financial Services Professional.

Acquire expertise in product sales, client relationship building, and milestone achievement. Seamlessly progress into a leadership position with a specialized six-month management training program. Leverage this opportunity to become proficient in recruitment and coaching techniques for sustained success.

How your First Year Look Like?

Embark on your journey as a Financial Professional with New York Life and immerse yourself in daily duties and essential tasks. Harness the power of comprehensive training, state-of-the-art digital tools, and a wide range of products to launch your career with success

Training and resources

Unlock unparalleled training to gain deep insights into the strength and value of New York Life. Access ongoing support, including expert guidance and a suite of digital tools for seamless day-to-day operations. Leverage our resources to attract and retain clients through dynamic web, social, and email content.

Product Solutions

Explore our comprehensive suite of products and services designed to empower clients in reaching their financial objectives. New York Life and its subsidiaries offer a diverse range of competitive insurance and financial solutions, including life insurance, annuities, long-term care insurance, disability income insurance, and investment products like mutual funds through our broker‑dealer, NYLIFE Securities LLC (member of FINRA and SIPC), a Licensed Insurance Agency. As a prerequisite, you’ll need to obtain securities licenses and FINRA registrations and affiliate with NYLIFE Securities as a registered representative to offer investment products.

Your transition to a Field Manager role

After completing the initial 12‑month as a Financial Professional, you’ll advance to our elite six‑month Associate Partner training initiative. This program is meticulously crafted to furnish you with the expertise to proficiently guide and cultivate your team of financial professionals. Throughout your career path with New York Life, you’ll encounter abundant opportunities for growth and elevation to higher management tiers

How we will compensate you

When you begin with New York Life as a financial professional 2*, you will receive income that is commission‑based. 3* If you meet the requirements and approvals to become an Associate Partner, you will receive a salary. The salary range for an Associate Partner is $60,000–$150,000 (in California, the salary range is $62,400–$150,000), plus you will be eligible for additional compensation related to the agents you recruit and develop (“R&Ds”). R&Ds are additional compensation that is designed to increase your income and to reimburse for any reasonable and necessary expenses we do not otherwise reimburse. You will also be eligible for medical, dental, and vision benefits, life, long‑term disability, and accidental death and dismemberment coverages, a pension plan, 4 and a 401(k) savings plan. 5* New York Life will value and reward your hard work and success. You’ll have significant income potential over time, because our field managers’ compensation is directly aligned with their recruiting performance and the production level of their team of financial professionals. The average income among our 579 recruiters at all levels in 2022 was $240,000. 6*

About New York Life

New York Life is a Fortune 100 company with a long history of doing good. We have been in business for over 175 years, helping generations of Americans protect their families and attain their financial goals. As a mutual company, we are accountable only to our policyholders, not to Wall Street or outside investors. We are focused on long-term success for our clients. To prepare for the future, we are constantly innovating and looking ahead to find more ways to increase value for our clients.

We’re proud of our financial strength 7

• A++ Superior (A.M. Best)
• AAA Exceptionally Strong (Fitch)
• Aaa Exceptional (Moody’s)
• AA+ Very Strong (Standard & Poor’s)

We’re proud of the training we offer 8

• Training Magazine’s APEX Award for 2022

We’re proud the be recognized by organizations that also value diversity

• Latino Leaders: 2022 Best Companies for Latinos to Work For
• Human Rights Campaign: 2022 Corporate Equality Index

We’re proud of the help we’ve provided and continue to provide our clients 9

• 5.3 million lives protected (includes all owners of individual life insurance and annuity policies)
• $4.5 billion in living benefits awarded (includes life and annuity cash value accumulation and qualifying policy dividends paid. Dividends are not guaranteed.)
• $579 million lifetime annuity income paid (includes all payouts on individual income annuity products)
• Nearly $1.2 trillion life insurance protection in force (includes term, whole, and universal life)

1 Specific production and licensing requirements must be met, and approvals obtained before transitioning to field management. Please ask your New York Life recruiter for details.

2 If you qualify for an Introductory (PTAS) Contract, you will preview an agent career with New York Life as an independent contractor while continuing to work at your current job, with limited exceptions. During this preview period of up to six months, any sales you make will continue to accrue until you either make enough sales to become a full‑time agent under a Training Allowance Subsidy (TAS) Contract or the passage of six months, whichever is earlier. If you do not become a full‑time agent, all commissions on any sales you made will be paid to you at the end of six months. If you become a full‑time agent under a TAS Contract, you will be credited with the commissions you accrued under the Introductory Contract.

3 If you would like more information about commission‑based income for financial professionals, please consult with your New York Life recruiter.

4 Certain eligibility requirements apply. Monthly payments are determined by your earnings, years of service, age, and the form of payment you choose.

The company reserves the right to amend or terminate the plan at any time for any reason.

5 This is necessarily brief and provides only a list of benefits available to Associate Partners under the applicable plans. Specific terms, such as eligibility and benefits, are determined only by the terms and conditions contained in the relevant plan documents. The company reserves the right to amend or terminate benefit plans at any time for any reason.

6 In addition to salary, average recruiter income includes certain non‑guaranteed income that is dependent on a number of factors, including your field management title/level, the sales results of your agent unit and/or your General Office, and your applicable field management compensation plan. The company reserves the right to amend, modify, or terminate the compensation plans at any time. The historical income numbers shown above include additional compensation payments designated to reimburse all of a field manager’s business expenses not otherwise reimbursed by the company. Average partner income is provided for illustrative purposes only.

7 New York Life Insurance Company continues to receive the highest financial strength ratings currently awarded to any life insurer in the U.S. from all four major rating agencies. Source: Individual Third‑Party Ratings Reports: A.M. Best A++, Fitch Ratings AAA, Moody’s Aaa, and Standard & Poor’s AA+ (as of 10/18/2022). The financial strength ratings do not apply to any investment products as they are subject to market risk and will fluctuate in value.

8 A full list of our awards is available here: https://www.newyorklife.com/newsroom/our-awards-and-recognition

9 All figures reflect the consolidated results of New York Life Insurance Company (NYLIC) and its domestic insurance subsidiaries, including New York Life Insurance and Annuity Corporation (NYLIAC), for the 12 months ending December 31, 2022. Individual life insurance in force is the total face amount of individual life insurance contracts (term, whole, and universal life) outstanding for NYLIC and its domestic insurance subsidiaries at a given time. The company’s individual life insurance in force totaled $1,166.01 billion at December 31, 2022 (including $180.61 billion for NYLIAC). Intercompany transactions have been eliminated in consolidation.

New York Life is an Equal Opportunity Employer – M/F/Veteran/Disability/Sexual Orientation/Gender Identity